Banking

The latest banking stories from Egypt and across the globe, by the Daily News Egypt banking team, including global insight and commentary on the top issues concerning this sector.
Latest Banking News

CBE to review interest rates today in first 2019 meeting

Higher inflation in January shifts market expectations of interest stabilisation in this…

Hossam Mounir Hossam Mounir

Foreign banks cut investments in government debt instruments by over EGP 13bn in December 2018

Banks' assets of T-Bills reach EGP 725.92bn, topping list of debt holders,…

Hossam Mounir Hossam Mounir

HDB opens 4 new branches, bringing its network to 87 branches

Opening new branches comes to activate bank's expansion policy in line with…

Daily News Egypt Daily News Egypt

Attijariwafa Bank Egypt seeks to support national contracting companies

Bank signs MoU with EFCBC, AFCCA to promote contracting industry in Africa

Daily News Egypt Daily News Egypt

Egypt’s bank deposits up by 15.3% end-November 2018: CBE

Deposits in EGP increase by 16.9%, foreign currencies deposits grow by 9.4%

Hossam Mounir Hossam Mounir

CBE to cut interest rate in March: Deutsche Bank

The Central Bank of Egypt (CBE) will cut interest rates next March,…

Nehal Samir Nehal Samir

When will agricultural sector receive appropriate share of funds from banks?

Government received 28.105% of loans, industry 24.627%, services 25.957%, retail 17.286%, trade…

Hossam Mounir Hossam Mounir

NBE studies financial needs of East Port Said Industrial Zone

Delegation from bank visits area to discuss project’s required banking services, factories…

Hossam Mounir Hossam Mounir

Remittances of Egyptian expats reach $23.3bn in 11M18: CBE

Increase of 5.7% in remittances compared to same period in 2017

Hossam Mounir Hossam Mounir

Price of US dollar against pound nearly stable on Tuesday after two-day decline

US currency recovers less than half piaster of 30 piasters it lost…

Hossam Mounir Hossam Mounir